Menora Mivtachim Holdings Ltd (TASE:MMHD) signed an agreement to acquire 80% stake in residential loans portfolio from Bank Leumi Le-Israel BM (TASE:LUMI) for ILS 1.6 billion on September 27, 2016. The agreement is subject to pre-conditions, such as regulatory approvals. Bank Leumi Le-Israel BM will still hold 20% of the portfolio.